Markets

Construction spending fell 0.2% in March, with a dip in public building accounting for the decline, data released by the Commerce Department Monday morning showed.

Municipal bond traders are returning to work on Monday to face a moderate new issue calendar, which totals $7.02 billion and consists of $5.96 billion of negotiated deals and $1.06 billion of competitive sales.

Personal income was up 0.2% in March, while nominal PCE was flat, and the core PCE price index fell 0.1%, data released by the Commerce Department Monday morning showed.

S&P Global Ratings will continue to base California school GO ratings on budgets and operations.

Municipal bond traders returning to work Monday will face a moderate new issue calendar of $7.02 billion, made up of $5.96 billion of negotiated deals and $1.06 billion of competitive sales.

Municipal bond volume dropped 20.2% in April and finished under $30 billion for the third month in a row, as concerns about tax reform made issuers reluctant to hit the market.

Illinois delays in grant payments to districts like CPS adds to its liquidity woes.

Municipal bonds were slightly weaker at midday, as traders look ahead to next week’s new issue calendar, which features big offerings from California, Kentucky and Wisconsin.

WATERLOO, Iowa -- A national bond ratings firm gave Black Hawk County's government high marks for fiscal management.

The University of Michigan's final April consumer sentiment index reading was 97.0, compared to the preliminary April 98.0, and the final March 96.9, according to market sources.